A reminder from Apple, just in case Wall Street forgot: There's a memory shortage.
Apple is officially retiring its net-cash-neutral target, and some suspect the iPhone maker is preparing for a major acquisition to close the gap in the AI race.
AAPL beat fiscal Q2 expectations as iPhone 17 drives a March-quarter record; China surges, buybacks expand, and a CEO transition is set for Sept. 1.
Apple (AAPL) shares are higher following an earnings beat. "It's essentially a victory lap for Tim Cook," says Marley Kayden.
On Thursday, Apple (AAPL) released its highly-awaited Q2 2026 earnings report. While all mega-cap tech earnings calls are closely watched, this one was especially crucial, considering it came after news that Tim Cook is stepping down as CEO of Apple.
Apple‘s (NASDAQ:AAPL | AAPL Price Prediction) fiscal Q2 2026 beat triggered a three-way split among Wall Street analysts.
Sales of iPhones rose 21.7% to nearly $57 billion, while overall revenue jumped to $111.2 billion. Apple CEO Tim Cook, who will transition to role as executive chairman on Sept.
The Mac Mini was in high demand during the March quarter. Apple has had trouble keeping versions of the Mac Mini in stock in recent weeks.
Shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) are up roughly 5% in Friday morning trading, climbing to about $284 after the iPhone maker delivered a powerful fiscal second-quarter beat and bullish forward guidance following Thursday's close.
Apple delivered a strong fiscal Q2, beating revenue and EPS estimates, and announced a $100B buyback and dividend hike. Key drivers included 22% iPhone revenue growth, robust Services momentum, and a record installed base, with notable 28% sales growth in Greater China. I maintain a buy rating and raise my price target to $293, citing resilient margins, strong free cash flow, and a healthy technical setup.
Apple (NASDAQ: AAPL | AAPL Price Prediction) noted three things when it announced earnings and on its earnings call.
Stock futures are little changed this morning after major indexes hit fresh highs yesterday to close out their best month in years; Apple shares are gaining after the iPhone maker's latest earnings and sales outlook beat estimates; Roblox shares are tumbling after the video game maker slashed its revenue forecast; Reddit stock is jumping after the social media company's results topped expectations; and Berkshire Hathaway is set to host its first annual shareholders meeting since Warren Buffett retired as CEO. Here's what you need to know today.